(14 December 2020)USD/TRY Key resistance at 7.8750.

(14 December 2020)USD/TRY Key resistance at 7.8750.

14 December 2020, 09:19
Jiming Huang
0
78

tr
Pivot
 (invalidation): 7.8750
Our preference
Short positions below 7.8750 with targets at 7.8320 & 7.8100 in extension.
Alternative scenario
Above 7.8750 look for further upside with 7.9000 & 7.9230 as targets.
Comment
The upward potential is likely to be limited by the resistance at 7.8750.

(By Swissquote TRADING CENTRAL)